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told the american people, who were reluctant to raise the debt ceiling, and a lot of members of congress were reluctant to raise the debt ceiling since we were so irresponsible around this place, but an agreement was reached recognizing that could be disruptive to a significant degree, that we would raise the debt ceiling $2.1 trillion but we would reduce spending over ten years $2.1 trillion. well, we've already run up another $2.1 trillion in debt. we've already hit that. but they're proposing, and the president himself in his budget last january, six months -- less that six months after he signed the budget control act eliminating a little bit of the growth in spending, he's proposing to eliminate it, at least the sequester part of it, which is $1.2 trillion, 60%. so here are some other figures that are plain that the american people should know about this budget. it has a 60% spending increase over ten years, would increase spending 60%. it has $162 billion increase in spending next year, another stimulus bill. $7.3 trillion in new federal debt will be added under this bu
to the senate democrats not having to pass a budget in four year. under the debt ceiling in january, if the senate does not pass a budget then the senators will have their paychecks with held. it this is obviously, politically a hot potato. for him he does want, very much to have a certain amount of co-sponsors as well and they are worried about the impact of air traffic controllers by sequestration that went into ffect on march 1 the $85 billion of the across the bored spending. >> the spending for the rest of fiscal year 2013, how quickly is the house likely to take that up and pass it? >> i spoke to the house appropriation chairman and he says it is likely, unless there is last-minute changes that he does not know about the house will quickly move to bring the c.r. unchanged to the senate's floor and the house can move with lightning speed compared to the senate. so i think the flight path is clear in the house assuming there is no big changes to the senate's c.r. at this point, we have to get through -- what looks like right now to a thursday vote on the senator for the c.r. >>
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